Santander the latest UK bank to cut branches

Santander the latest UK bank to cut branches

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Santander UK is to shut 140 branches placing 1,270 jobs at risk – the latest bank to blame changing consumer habits for a wave of closures.
The lender said its decision was the result of more customers banking on digital platforms – resulting in less demand for its physical banking services.
It said that it was hoping to redeploy about a third of the number of staff affected and that it had consulted unions on the proposals.
The industry says decisions to close branches are 'never taken lightly'Image: The industry says decisions to close branches are ‘never taken lightly’
Susan Allen, Santander’s head of retail and business banking, said: “The way our customers are choosing to bank with us has changed dramatically in recent years, with more and more customers using online and mobile channels.
“As a result, we have had to take some very difficult decisions over our less-visited branches, and those where we have other branches in close proximity.
“We will support customers of closing branches to find alternative ways to bank with us that best suit their individual needs.

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Blogger said…
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